{"id":1781,"date":"2005-11-29T16:08:00","date_gmt":"2005-11-29T16:08:00","guid":{"rendered":"http:\/\/sustainablog.greenoptions.com\/2005\/11\/29\/bp-really-going-beyond-petroleum\/"},"modified":"2005-11-29T16:08:00","modified_gmt":"2005-11-29T16:08:00","slug":"bp-really-going-beyond-petroleum","status":"publish","type":"post","link":"https:\/\/sustainablog.org\/articles\/bp-really-going-beyond-petroleum\/","title":{"rendered":"BP Really Going &#8216;Beyond Petroleum?&#8217;"},"content":{"rendered":"<p>Another item that got the blogs buzzing was <a href=\"http:\/\/www.boston.com\/business\/technology\/articles\/2005\/11\/29\/bp_to_boost_renewable_energy_funds\/\">this news<\/a> that <a href=\"http:\/\/www.bp.com\/home.do?categoryId=1&amp;contentId=2006973\">BP<\/a><\/p>\n<blockquote><p>&#8230;plans to double spending on alternative and renewable energy, creating a business unit that may generate about $6 billion a year in revenue within a decade.<\/p>\n<p>The company will invest $1.8 billion over the next three years on solar, wind, hydrogen, and carbon-sequestration, focusing on new technologies that can replace oil-and-gas-based generation, which accounts for more than 40 percent of man-made greenhouse gas emissions, the company said.<\/p><\/blockquote>\n<p>Joel Makower <a href=\"http:\/\/makower.typepad.com\/joel_makower\/2005\/11\/bps_new_renewab.html\">believes this is the real deal<\/a>. The Energy Blog <a href=\"http:\/\/thefraserdomain.typepad.com\/energy\/2005\/11\/bp_forms_new_un.html\">thinks<\/a> BP&#8217;s carbon sequestration plans are the most promising part of this development. James at Alt-E <a href=\"http:\/\/alt-e.blogspot.com\/2005\/11\/bp-to-create-bp-alternative-energy.html\">offers<\/a> some caveats. My response? &#8220;It&#8217;s a start&#8230;&#8221; Seriously, though, this is a promising move, but one we&#8217;ll have to watch closely. If anything, we&#8217;re definitely seeing (once again) that there&#8217;s gold in them wind mills and solar cells&#8230;<\/p>\n<p>Categories: <a href=\"http:\/\/del.icio.us\/jmcstras\/BP\" rel=\"tag\">BP<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/renewables\" rel=\"tag\">renewables<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/business\" rel=\"tag\">business<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/blogs\" rel=\"tag\">blogs<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/energy\" rel=\"tag\">energy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another item that got the blogs buzzing was this news that BP &#8230;plans to double spending on alternative and renewable energy, creating a business unit that may generate about $6&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":56,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BP Really Going &#039;Beyond Petroleum?&#039; 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